Ashar recently appraised a $2M Convertible Term policy for a restaurant owner in his early 70s whose businesses were severely affected by the COVID-19 lockdowns. Instead of starting bankruptcy proceedings, his financial professional offered to explore a life settlement, resulting in saving his businesses until the restrictions were lifted.
On the verge of outliving his planned coverage
A life settlement created value and alleviated future premium payments.
Client outlived all planning and premiums were due
The adult children no longer needed to fund the caregiving needs.
Surrendering policy and interested in receiving more money
Adult children unable to pay premiums to maintain the policy.
